Thứ Năm, 23 tháng 5, 2013

SP500 update


ES Chart analysis

  • Price testing channel support line in four hour time frame. Yet to close below the support line.
  • Price seeking support at four hour ichimoku cloud.
  • One hour chart shows price trying to hold above 200 Hour SMA. An hourly close below this level may extend gains for bears of ES.
PY Chart analysis

  • SPY Four hour chart has given a shooting star pattern.
  • Price is testing the rising support line. This one has to break for the shooting star or inverted hammer to perform well.
  • Last chart shows price below 50 Hour SMA. Sustaining below this level may extend the fall for bears of SPY.

ES Channel update

  • ES Hour chart violating crucial support levels.
  • Price must break the channel support line for weakening the up trend.


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